Macroeconomics distinguishes between the real economy and
[A] virtual economy
[B] monetary economy
[C] normative economy
[D] underground economy
 Assertion  : The public distribution system in India has close links with food security for the vulnerable segments of population.
Reason  : Public distribution system is failure in India.
[A] Both  and  are true and  is correct explanation for .
[B] Both  and  are true and  is not correct explanation for .
[C]  is true, but  is false.
[D]  is false, but  is true.
 Indian planning mechanism was criticised by
[A] A.K. Sen
[B] Jagdish Bhagwati
[C] L.K. Jha
[D] Bimal Jalan
 Which of the following issues did the Uruguay Round not address?
[B] Intellectual Property Rights
 Which Economic Survey has introduced a new chapter on “Sustainable Development and Climate Change”?
[A] Economic Survey 2004-05
[B] Economic Survey 2007-08
[C] Economic Survey 2009-10
[D] Economic Survey 2011-12
 Gross National Happiness, a new concept of development, was developed by
 Reverse repo means—
[A] Injecting liquidity by the Central Bank of a country through purchase of Govt. securities.
[B] Absorption of liquidity from the market by sale of Govt. securities.
[C] Balancing liquidity with a view to enhancing economic growth rate.
[D] Improving the position of availability of the securities in the market.
 Which of the following is the Regulator of the credit rating agencies in India?
 The World Health Organisation has urged that advertisements of which of the following should be banned to protect youth from bad effects of the same?
[B] Alcoholic drinks
[C] Junk Food
[D] Soft drinks with chemical preservatives
 Which of the following programmes has been launched by the “Ministry of Food and Civil Supplies’, of the Government of India?
[A] Mid-Day Meal Scheme
[B] Wheat-based Nutrition Programme
[C] Public Distribution System
[D] Annapurna Scheme